Some of our most profoundly transformative investments come from our New Markets Tax Credits (NMTC) team. Recently, we had the opportunity to support A.G. Rhodes in the expansion and modernization of a memory care facility in Marietta, Ga.
A.G. Rhodes, a 120-year-old nonprofit organization, celebrated the grand opening of its new $37.5 million skilled nursing and person-directed memory care facility in Marietta on June 14, 2024. The state-of-the-art facility, located at 900 Wylie Road, covers 75,000 square feet and is designed to accommodate 72 residents living with dementia. Renovations were also completed on the existing building, which houses 58 residents.
The project was supported by an investment of $12 million in New Markets Tax Credits from Enterprise Community Partners, aiding in the financing.
The new development features 58 bright, sunlit spacious private rooms, a community kitchen and dining room, a living room, sunrooms, ADA compliant balconies with raised beds for patients in wheelchairs, gardens, a bocce ball court and a remodeled rehabilitation gym, offering a more homelike atmosphere compared to traditional hospital-like designs.
The centerpiece of the project is a new 75,000 square foot addition that will support 72 private memory care beds across six households supporting person-directed care. (The addition was designed by a residential architect and is a model for best practices in person-directed care.)
Ultimately, our support (and others’) will help A.G. Rhodes:
- Expand and serve approximately 300 seniors annually (an increase of 175 patients), 90% of whom are low income and 80% are experiencing dementia or Alzheimer’s disease.
- Launch a new outpatient physical therapy program for approximately 100 patients annually, 95% of whom are low-income – to operate in addition to the existing inpatient short-term rehab care which helps approximately 100 seniors annually, 90% of whom are low income.
And, not only will the building be built to green standards, but it will also create 170 jobs.
We’re very proud to be partners on such a deeply impactful project and appreciate Capital One’s NMTC investment with Enterprise.
Staff and community members attended the ribbon-cutting ceremony to celebrate this significant milestone in enhancing long-term care services.
